21世纪经济报道记者 何煦阳报道 一面是技术瓶颈的突破，一面是资本市场的热捧，2025年，全固态电池（All-Solid-State Battery）迎来关键转折年。 12月，卫蓝新能源的IPO为固态电池行业添了一把火，该公司的股东阵容十分豪华，包括华为哈勃投资、小米长江产业基金、蔚来资本等公司，估值已有 185亿元。如若进展顺利，其有机会冲刺A股市场"固态电池第一股"。 下场造固态电池的还有不少主机厂。11月末，广汽集团表示率先在国内建成首条大容量全固态电池中试产线，标志着广汽向2026年全固态电池搭载昊铂车型 迈出关键一步 随后资本市场给出了积极反应——短短五个交易日内，广汽在A股经历两次涨停：11月24日，广汽一字涨停，收盘价8.36元/股；11月28日，摩根士丹利发布 研报称广汽过去一周累计上涨24%，当天广汽再度放量涨停，收盘价9.25元/股，累计涨幅达31.01%。 仅在10月内，国内全固态电池就利好消息不断：10月18日，奇瑞展出犀牛S全固态电池模组，宣称电芯能量密度达到600Wh/kg，预计于2026年上车；10月23 日，欣旺达发布新一代聚合物全固态电池"欣·碧霄"，宣称能量密度突破400W ...

Investment Rating - Industry rating is "Recommended," indicating that the industry is expected to perform better than the benchmark index over the next 12 months [41]. Core Insights - Isostatic pressing technology is crucial for solid-state battery production, allowing precise control over key parameters such as electrode density and thickness, which enhances ionic conductivity and mechanical strength while reducing production costs [2][16]. - The report highlights the advantages of warm isostatic pressing (WIP) over cold and hot methods, particularly in terms of cost-effectiveness and higher achievable pressure, making it more suitable for solid-state battery applications [2][17]. - The report identifies key players in the isostatic pressing equipment market, with overseas companies like Quintus Technologies and Hana Technology leading, while domestic companies such as Xian Dao Intelligent and Rongqi Technology are accelerating their R&D efforts [2][36][37]. Summary by Sections 1. Isostatic Pressing Equipment - Isostatic pressing relies on Pascal's principle, ensuring uniform pressure distribution in high-pressure containers, which is essential for solid-state battery applications [2][8]. - The equipment is categorized into hot isostatic pressing (HIP), warm isostatic pressing (WIP), and cold isostatic pressing (CIP), with WIP being more suitable for solid-state batteries due to its ability to enhance ionic conductivity at lower costs [17][18]. 2. Application in Solid-State Batteries - Isostatic pressing significantly improves electrode density and reduces internal resistance, leading to enhanced battery performance [20][29]. - The technology is positioned in the middle of the solid-state battery production line, connecting the stacking machine and high-pressure formation equipment [30]. 3. Key Challenges - The report outlines challenges such as the non-continuous production cycle of isostatic pressing, which can take several minutes for pressure cycles, hindering automation in battery production lines [33]. - Cost control remains a critical issue, with the current investment per GWh for solid-state batteries being significantly higher than for liquid batteries, necessitating cost reduction strategies [33]. 4. Relevant Companies - Key international players include Quintus Technologies and Hana Technology, while domestic firms like Sichuan Lieneng and Zhonghang Jikong are making strides in the isostatic pressing equipment sector [36][37].

12月11日，中国证券监督管理委员会网上办事服务平台显示，北京卫蓝新能源科技股份有限公司(下称卫蓝新能 源)已与中信建投证券签署上市辅导协议，正式启动A股创业板IPO进程。 公司官网显示，卫蓝新能源是中国科学院物理研究所固态电池产学研孵化企业，主营固态锂离子电池，集研发、 生产、市场、销售于一体，是国家级专精特新"小巨人"企业、独角兽企业。具有40余年固态电池产业研究经验， 产品主要应用领域涵盖新能源汽车、储能、低空经济动力三大部分。 如果顺利上市，卫蓝新能源或将成为A股"固态电池第一股"。 固态电池独角兽启动IPO 合作公司曝光 据公司官网显示，卫蓝新能源由中国工程院院士陈立泉、中国科学院物理研究所研究员李泓、教授级高级工程师 俞会根于2016年共同发起创办。 值得注意的是，2022年，卫蓝新能源完成近15亿元D轮融资，领投方为中国诚通混改基金，中信建投、国投创 益、招商局资本、德屹资本、隐山资本等跟投。其中，中国诚通混改基金是经国务院批准，国务院国资委委托中 国诚通控股集团有限公司发起设立的国家级战略型产业投资基金。另一家投资机构国投创益是国家开发投资集团 有限公司的全资子公司。 值得注意的是，陈立泉出生 ...

证券日报网讯12月12日，豪森智能在互动平台回答投资者提问时表示，公司高度重视固态电池技术研发 与市场开发，从大客户开发、行业展会、技术论坛、技术交流等多种方式进行早期市场开发。 ...

文 | 上海证券报 中国证监会官网显示，12月10日，北京卫蓝新能源科技股份有限公司（简称"卫蓝新能源"）向 北京证监局提交 创业板IPO辅导备案 ，辅导券商为中信建投。 公开资料显示，国内尚未有固态电池创业企业完成上市，若其率先成功IPO，则 有望成为"固态 电池第一股" 。 | 辅导对象 | 辅导机构 | 备案时间 辅导状态 | 派出机构 | 报告类型 | 报告标题 | | --- | --- | --- | --- | --- | --- | | 赛炜科技 (河南)集团股份有 限公司 | 国泰海通证券股份有限公司 | 2025-12-11 | 河南证监局 | 辅导备案报告 | 关于赛炜科技 (河 ... | | 浙江贝尔轨道装备股份有限公 司 | 广发证券股份有限公司 | 2025-12-11 辅导备案 | 浙江证监局 | 辅导备案报告 | 关于浙江贝尔轨道 ... | | 广东正扬传感科技股份有限公 司 | 华泰联合证券有限责任公司 2025-12-10 辅导备案 | | 广东证监局 | 辅导备案报告 | 关于广东正扬传感 ... | | 全芯智造技术股份有限公司 | 国泰海通证券股份有限公司 | 2 ...

| 2026未来产业新材料博览会 | （FINE），围绕机器人、汽车、无人机、数据中心、航空航天、AI、新能源等未 | | --- | --- | | 来产业共性需求特设6大展区， | N3 先进电池与能源材料展区 聚焦 固态 | | 电池 | 、钠电池、钙钛矿、液流电池、电容器 等 | | ， | 欢迎咨询：18957804107 | 【DT新材料】 获悉，近日， 安瓦科技 与 美国地平线汽车 签署了战略合作协议，后者将从安瓦科技获得1GWh固态电池产能，并计划应用于其专用车辆，包括箱 式货车、拖车、救援拖车、清扫车、冷藏车及市政车辆。 资料显示， 安徽安瓦新能源科技有限公司 ，成立于2020年6月，坐落于芜湖经开区，注册资本1.01亿元，主要产品包括动力电池、储能电池、3C消费类电子电池 等， 技术源于美国固态电池技术公司 24M Technologies 。 融资方面 ，截至2024年8月，安瓦科技共完成了 四轮融资 （两次天使轮+A/B轮），投资方包括奇瑞新能源、GPSC、国轩高科、24M等。其中，奇瑞汽车 控股子公司奇瑞新能源和国轩高科持股比例分别为9.89%、5.9%，分别为安瓦科技第四大、第八大 ...

此外，他还表示，岚图将打造世界级民族汽车品牌，推进全球化布局。"品牌的根基在于技术，唯有夯 实技术实力才能提升产品核心竞争力，而市场竞争的本质终究是产品力的较量。在海外市场布局上，我 们期待更多岚图产品走向国际。" 12月10日晚间，岚图追光L上市发布会在京举办。记者在现场获悉，岚图追光L正式上市，共推出2款版 型，售价分别为Max版27.99万元、Ultra版30.99万元。 据介绍，作为行业唯一同时拥有全域800V智能超混、5C超充与63kWh大容量电池的新能源旗舰轿车， 岚图追光L全系搭载最先进的"华为全家桶"智能生态——乾崑智驾ADS4与鸿蒙座舱5，拥有百万级底盘 配置，并标配智能四驱系统。 在此后的媒体群访中，岚图汽车董事长卢放表示，"作为央国企汽车品牌，我们肩负着攻克关键核心技 术的使命，同时带动国内汽车零部件企业协同发展，共同构建完整的中国汽车产业链。回顾过往，我们 已持续发挥作用：不仅培育并助力大批自主零部件企业发展壮大，更以此推动了整个中国汽车产业及新 能源汽车产业的升级。" 据公司方面介绍，岚图将技术创新放在首位，建立了完善的研发体系，进行核心技术攻关。目前，岚图 在800V高压平台、智能 ...

Core Viewpoint - The collaboration between Guoxuan High-Tech and Volkswagen Group marks a significant milestone with the mass production of the world's first "standard cell," potentially allowing Guoxuan High-Tech to re-enter the global top tier of power battery manufacturers [2][3]. Group 1: Partnership and Production Milestones - Guoxuan High-Tech completed the mass production delivery of the "standard cell" on November 20, 2025, marking the transition to large-scale production in its five-year strategic partnership with Volkswagen Group [3]. - The "standard cell" is designed to be highly compatible, significantly reducing R&D complexity and potentially cutting costs by up to 50% compared to traditional custom cells [3][5]. - Guoxuan High-Tech is set to deliver high-performance lithium iron phosphate and other standard cells to Volkswagen from 2026 to 2032 [3]. Group 2: Market Position and Performance - In the first three quarters of 2025, Guoxuan High-Tech's power battery installation volume reached 29.7 GWh, with a global market share of 3.7%, an increase of 0.7 percentage points year-on-year [7]. - The company ranked eighth in the international market (excluding China) with a battery installation volume of 6.9 GWh, a year-on-year growth of 61% [7]. - Guoxuan High-Tech's overseas revenue for 2024 reached 11 billion yuan, marking a 71.21% year-on-year increase, the first time surpassing the 10 billion yuan mark [8]. Group 3: Financial Performance - For the first three quarters of 2025, Guoxuan High-Tech reported a revenue of 29.5 billion yuan, a year-on-year increase of 17.21%, and a net profit of 2.53 billion yuan, up 514.35% [10]. - The third quarter of 2025 saw a revenue of 10.11 billion yuan, a 20.68% increase year-on-year, with a net profit of 2.17 billion yuan, reflecting a staggering 1434.42% growth [10][11]. - The company’s gross margin for lithium battery products was 15.5%, down 0.86 percentage points year-on-year, compared to 22.41% for its competitor, CATL [13]. Group 4: Expansion and Future Plans - Guoxuan High-Tech plans to invest 25.14 billion euros (approximately 191 billion yuan) in lithium battery projects in Morocco and Slovakia, with the Slovak project expected to start production in the second quarter of 2026 [14]. - The company is also investing 4 billion yuan in new battery manufacturing bases in Nanjing and Wuhu, focusing on solid-state battery technology [17]. - Guoxuan High-Tech is pursuing a dual strategy in solid-state battery development, aiming for both full solid-state and semi-solid-state battery commercialization [21][22].

华金证券指出，锂电行业需求增长显著，2025年前三季度锂电池出货量超1.2TWh，同比增长 60%，动力与储能电池需求旺盛，材料价格触底回升。固态电池技术迭代加速，政策支持力度加大，预 计2027年实现量产，2030年全球出货量有望达614.1GWh，锂金属负极需求将快速增长。储能行业市场 化进程推进，2025H1国内新型储能装机首次突破100GW，同比+110%，海外AI用电高增推动储能需求 提升。风电行业招标规模景气，海上风电向深远海发展，漂浮式技术加速落地，全球新增装机预计2030 年达36GW。行业整体呈现细分beta（锂电储能、海风增速显著）与科技alpha（核聚变、固态电池、 AIDC）共振的复苏态势。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 新能源车ETF（159806）跟踪的是CS新能车指数（399976），该指数从沪深市场中选取涉及电动 车、 ...

Core Viewpoint - Tian Tie Technology is diversifying its investments into the solid-state battery sector through partnerships and equity acquisitions, despite facing significant financial challenges in its traditional business [1][2][3] Investment Activities - Tian Tie Technology announced two investments related to solid-state batteries: a partnership to establish a fund with a total commitment of 30.15 million yuan, where Tian Tie contributes 8.05 million yuan, and the acquisition of a 30% stake in Zhejiang Xinjie for 300,000 yuan [1] - The company is forming a partnership with Hangzhou Xiaoshan International Venture Capital Development Co., Ltd. and Hangzhou Xiaoshan Economic and Technological Development Zone Industrial Fund Co., Ltd. to create the Hangzhou Tian Tie Lithium Battery Investment Partnership, with Tian Tie's subsidiary contributing 7.95 million yuan, representing 26.37% of the partnership [1] Financial Performance - Tian Tie Technology's main revenue for the third quarter of 2025 was 1.232 billion yuan, a year-on-year decline of 30.69%, with a net profit attributable to shareholders of -57.9958 million yuan, down 340.02% [1][2] - The company reported a net loss of 652 million yuan for the entire year of 2023, a decrease of 258.92% compared to the previous year [2] Financial Condition - As of June 30, 2025, Tian Tie Technology had cash reserves of only 247 million yuan, while interest-bearing liabilities exceeded 2 billion yuan, leading to a debt ratio of 59.71%, significantly higher than the industry average of 33.87% [2] - The company's refinancing efforts have faced challenges, including a failed fundraising plan of 2.3 billion yuan due to changing market conditions [2] Market Context - The solid-state battery sector is a hot topic in the current new energy industry, with global shipment volumes expected to reach 614.1 GWh by 2030, indicating a market size in the hundreds of billions [3] - Xinjie Energy, the target of Tian Tie's investment, focuses on lithium metal solid-state battery research and production, having launched a solid-state battery with an energy density of 480 Wh/kg in 2024 [3] Operational Challenges - Despite the promising future of solid-state batteries, Tian Tie Technology faces immediate challenges in managing ongoing losses in its core business and increasing debt burdens while pursuing multiple significant investments [3]